Univar Inc (NYSE:UNVR) traded up 5.5% during trading on Thursday . The stock traded as high as $26.03 and last traded at $25.98. 1,009,062 shares were traded during mid-day trading, an increase of 2% from the average session volume of 990,416 shares. The stock had previously closed at $24.62.
A number of brokerages have issued reports on UNVR. Zacks Investment Research cut Univar from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. ValuEngine raised Univar from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 8th. Barclays decreased their target price on Univar from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, August 6th. Berenberg Bank raised Univar from a “sell” rating to a “hold” rating in a research report on Friday, July 6th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $35.00 target price on shares of Univar in a research report on Friday, September 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Univar currently has a consensus rating of “Buy” and an average target price of $30.00.
The stock has a market capitalization of $3.41 billion, a PE ratio of 18.73, a P/E/G ratio of 1.47 and a beta of 1.18. The company has a quick ratio of 1.08, a current ratio of 1.65 and a debt-to-equity ratio of 2.21.
Univar (NYSE:UNVR) last announced its earnings results on Wednesday, August 1st. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.37 billion. Univar had a return on equity of 19.85% and a net margin of 2.19%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 EPS. As a group, equities analysts predict that Univar Inc will post 1.69 earnings per share for the current fiscal year.
In related news, Director Kerry J. Preete bought 8,250 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was purchased at an average price of $30.24 per share, with a total value of $249,480.00. Following the completion of the transaction, the director now directly owns 7,933 shares of the company’s stock, valued at $239,893.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.82% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. BlueMountain Capital Management LLC raised its stake in shares of Univar by 1,532.7% in the second quarter. BlueMountain Capital Management LLC now owns 671,659 shares of the basic materials company’s stock valued at $17,624,000 after purchasing an additional 630,521 shares in the last quarter. Natixis acquired a new position in shares of Univar in the second quarter valued at $1,637,000. NumerixS Investment Technologies Inc raised its stake in shares of Univar by 148.6% in the second quarter. NumerixS Investment Technologies Inc now owns 8,700 shares of the basic materials company’s stock valued at $225,000 after purchasing an additional 5,200 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of Univar by 78.8% in the second quarter. GSA Capital Partners LLP now owns 176,862 shares of the basic materials company’s stock valued at $4,641,000 after purchasing an additional 77,970 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Univar by 96.8% in the second quarter. Tower Research Capital LLC TRC now owns 17,114 shares of the basic materials company’s stock valued at $449,000 after purchasing an additional 8,418 shares in the last quarter. Institutional investors own 91.34% of the company’s stock.
About Univar (NYSE:UNVR)
Univar Inc distributes commodity and specialty chemical products, and related services worldwide. It offers herbicides, fungicides, insecticides, seeds, micro and macro nutrients, horticultural products, fertilizers, and feeds; storage, packaging, and logistics services for crop protection companies, storing chemicals, feed-grade materials, and seed and equipment parties; and pest control products and equipment.
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